Price indices for agriculture

Description of the data collection

Price indices for agriculture collect data on the prices of plant and animal products and on the purchase prices of production inputs used in agriculture.

Data available from other sources and data collections targeted at enterprises are utilised in the compilation of the statistics. The data collection is carried out monthly and the deadline for the answers is specific for each data supplier. The data collection is carried out in connection with the data collection for cost indices.

The obligation to provide data is based on the Statistics Act (280/2004). The European Union requires compilation of the Index of Producer Prices of Agricultural Products and the Index of Purchase Prices of the Means of Agricultural Production.

From whom are data collected?

The price data are collected from enterprises serving agriculture and horticulture. In addition, the statistics of the Information Centre of the Ministry of Agriculture and Forestry (TIKE), Kasvistieto Oy, Kauppapuutarhaliitto, and Hedelmän- ja Marjanviljelijäin liitto are utilised when compiling the statistics.

Data processing

The Statistics Act obliges Statistics Finland to treat the data as confidential. The data are released as index point figures calculated from a large volume of price data. Prices of individual products or the price behaviour of individual enterprises cannot be identified in the statistics.

What are the data used for?

Price indices for agriculture are used in GDP and volume calculations when measuring economic growth, for example. The statistics are also utilised in connection with financial analysis and to support decision-making related to economic policies. Research institutes and authorities use the indices in their reports, monitoring and forecasts. They are also used in agreements like leasehold agreements.

How often are data collected?